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VIRTUALISATION Ballmer and Bartz talks bump up Yahoo! stock
VIRTUALISATION Ballmer and Bartz talks bump up Yahoo! stock | Ballmer and Bartz talks bump up Yahoo! stock |
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| by Davey Winder | |
| Tuesday, 14 April 2009 | |
  
Things were not looking good for Yahoo! at the end of last year, what with jobs being axed and co-founder Jerry Yang stepping aside as CEO. Featured Whitepaper
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All Things Digital reported how Yahoo CEO Carol Bartz and Microsoft CEO Steve Ballmer held face-to-face talks at the end of last week. Although it would appear that any chance of a renewed acquisition attempt by Microsoft was most definitely not on the cards, commercial relationships including advertising partnerships most certainly appear to have been. This was enough to prompt a dramatic rise in the demand for Yahoo! stock with a 7.6 percent upwards bump during early trading on Monday, the best it has done for six months and in the face of a market going in the opposite direction. It will be interesting to see how Google stock responds later this week, after the publication of first-quarter results. One Oppenheimer analyst, Jason Helfstein, predicts that Google will report a 5 percent year over year decline in first quarter paid click revenues. |
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